Thursday April 15, 2021
Bitcoin (BTC) $62,610.00   Ether (ETH) $2,447.81
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Investment Management

Shares of real estate tokenization company blockimmo now live

Published by CryptoNinjas.net
05/20/2019
Shares of real estate tokenization company blockimmo now live

Zug-based blockchain company blockimmo, a platform for real estate tokenization and technology provider for asset tokenization, has successfully completed its first financing seed round with family, friends and early-stage investors. Unique in this way, investors received their shares in the company in the form of digital tokens instead of regular company shares.

In preparation for the seed money round, blockimmo tokenized 20 percent of its equity at the end of last year. The security token — called IMMO — is synchronized with a global certificate, which holds the capital in the form of participation certificates. The global certificate is held securely by Bank Frick. Details such as the transfer of ownership are contained in the terms of the prospectus and the token terms.

[perfectpullquote align=”full” bordertop=”false” cite=”Raphael Haldner, Director of Funds & Products at Bank Frick” link=”” color=”” class=”” size=””]“As specialists in the creation of tailor-made fund and capital market products, we have been working for a long time to integrate the potential of the blockchain into our solutions in the best possible way. In particular, we allocate great importance to the tokenization of financial instruments in the future and are convinced that a significant increase in efficiency is possible compared to traditional securitization — consequently, we are very pleased to be able to support blockimmo in this innovation.”[/perfectpullquote]

Tradable 24 hours after distribution

In general private equity and with that start-up shares are highly illiquid investments. For example, it took the transportation network company “Uber” ten years from the initial investments to becoming tradable at an exchange. In contrast to that, the IMMO tokens were tradable within 24 hours after their distribution to the shareholders. IMMO tokens are traded on STX.SWISS, the completely decentralized exchange for digital assets. All legal functions of the participation certificates are represented in the smart contract. The digital register is thus located on the public Ethereum blockchain and is automatically updated with each paperless transfer.

[perfectpullquote align=”full” bordertop=”false” cite=”Bastiaan Don, Founder and Managing Director of blockimmo” link=”” color=”” class=”” size=””]“Our technology can be applied to any asset class, as we demonstrate once more by tokenizing our own company shares. The fact that our start-up shares are instantly tradable at a decentralized secondary market and there is liquidity shows that the tremendous potential of the underlying technology is coming to life, an executed use-case of decentralized finance at its finest.”[/perfectpullquote]

The blockimmo solution has aroused the interest of various parties in the real estate market. Now, the solution has also been well received by other asset markets such as private equity and art. Within the tokenization solution, potential investors must go through a simple on-boarding process where their identity and contribution amount is linked to their wallet to enforce KYC/AML compliance (blockID). The first exciting projects and strategic partnerships will be announced in the near future.

6
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Token Factory solution behind first EU regulated tokenized real estate fund
Vendor Technology

Token Factory solution behind first EU regulated tokenized real estate fund

01/22/2020
Bank Frick welcomes arrival of Liechtenstein Blockchain Act
Regulation

Bank Frick welcomes arrival of Liechtenstein Blockchain Act

01/22/2020
Bank Frick and Bitcoin Suisse launching BTC-ETH tracker certificate as token
Investment Management

Bank Frick and Bitcoin Suisse launching BTC-ETH tracker certificate as token

04/09/2019
Mycro’s Ethereum powered job app launches on testnet
Vendor Technology

Mycro’s Ethereum powered job app launches on testnet

02/14/2019
AmaZix partners with Liechtenstein blockchain banking expert Bank Frick
Blockchain Technology

AmaZix partners with Liechtenstein blockchain banking expert Bank Frick

02/04/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Crypto trading app Orion Terminal expands to Polkadot with Moonbeam integration

Crypto trading app Orion Terminal expands to Polkadot with Moonbeam integration

04/14/2021
BSCstarter unveils 12 community-selection projects for Binance Smart Chain

BSCstarter unveils 12 community-selection projects for Binance Smart Chain

04/14/2021
ShapeShift adds decentralized native bitcoin trading through integration with THORChain

ShapeShift adds decentralized native bitcoin trading through integration with THORChain

04/14/2021
Token of Bitcoin-based protocol Sovryn (SOV) begins trading after $9M investment

Token of Bitcoin-based protocol Sovryn (SOV) begins trading after $9M investment

04/14/2021
Bitcoin ATM machine company CoinFlip enters Washington State with 13 new locations

Bitcoin ATM machine company CoinFlip enters Washington State with 13 new locations

04/14/2021
Japan crypto exchange bitbank AUM reach 289.8 billion yen

Japan crypto exchange bitbank AUM reach 289.8 billion yen

04/15/2021
Sommelier gets $1M R&D grant from The Graph to deliver blockchain market data improvements

Sommelier gets $1M R&D grant from The Graph to deliver blockchain market data improvements

04/15/2021
DeFi platform Sheesha Finance and aggregator Plasma Finance team up to improve asset management

DeFi platform Sheesha Finance and aggregator Plasma Finance team up to improve asset management

04/15/2021
Crypto derivatives exchange BitWell adds Alchemy Pay gateway

Crypto derivatives exchange BitWell adds Alchemy Pay gateway

04/15/2021
FDT onboards Fireblocks to improve crypto-asset security for Asian market

FDT onboards Fireblocks to improve crypto-asset security for Asian market

04/14/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version